As cryptocurrency trading becomes more popular, scams targeting traders, especially beginners, have become more common. 🧐 If you trade on Binance or any other platform, it is important to know the most dangerous scams and how to protect yourself from them. 🚀

Click on the gift 🎁

1️⃣ Phishing 🎭

🔴 How is it done?

After registering on Binance, you may be confused about the next steps to start your journey in the world of cryptocurrency trading. Here are 5 essential things you should do to ensure a safe and successful experience! 👇

1️⃣ Securing your account 🔐🛡️

Security is the number one priority when dealing with cryptocurrencies. Make sure to:

✅ Activate two-factor authentication (2FA) to protect your account from hacking.

Secure and store cryptocurrenciesHow to keep your cryptocurrencies safe and store them
- To start investing in cryptocurrencies, the first thing you would need to do is to set up your digital wallet. In the cryptocurrency world , the term used is "wallet".- The wallet can be likened to a bank account, which can be stored in different devices.The reason you need to do this is because there are countless stories of people losing their cryptocurrencies. "I threw away $ 7.6 Million of Bitcoin " -Campbell Simpson,who bought $25 worth of Bitcoin in 2010, put it on a hard drive but threw the hard drive away by mistake - Safety is supreme here - you don't want to build up a small fortune only to lose it all.- A cryptocurrency wallet is a software program that functions to store your private and public keys and interacts with various blockchains. It enables users to send and receive cryptocurrencies as well as tracking their balance.
What is a Crypto Wallet?
Crypto wallet is a tool that allows you to manage your cryptocurrencies.Your wallet keep records and track of how much crypto currency you have.There are many types of crypto wallets. Some support different devices and some are specifically designed for a single device.Here we will see wallet which support in BINANCEFirst we need to understand what custodial and non custodial means Basically the wallet are divided in two categories which is custodial and non custodial wallet
What is custodial wallet?
A third party, like a cryptocurrency exchange, holds the user's private keys. Custodial wallets are generally easier to use and offer account recovery options, but users have less control over their assets and there's a potential for security risks.The custodian have control over your key which is sometimes less secure as hold by third party.
What is non custodial wallet?

The user is responsible for securing their private keys. Non-custodial wallets offer greater control, privacy, and security, but users need to manage their keys fully. If a user loses their keys, they could lose access to their wallet and its contents. You have total control over your funds but be careful with keys if you forget can’t be retrieved
Types of wallet 1.Hardware Wallet:-
Electronic device Cold wallet it operates offline and isn’t connected to Internet when storing and signing crypto currency transactions. Consider using hardware wallet if you plan to hold assets for long period or if you are holding large amount of cryptocurrencies
2.Software wallet:-
Comes in various forms like web,desktop and mobile wallet Hot wallet means they are connected to Internet - [ ] Web wallet- can be easily use on mobile phones and is non custodial,more convenient for beginners.- [ ] Desktop wallet-runs on computer ,provides full control over key .it is little crucial to ensure that your computer is free of viruses.
3.Paper wallet:-
In this a piece of paper on which a crypto address and its private key are physically printed out.Little risky . Not in trend now days
Why are crypto wallet important?
- As it promotes financial freedom and eliminates the need for intermediaries .Provides users with full control,ownership and accessibility
#BinanceAlphaAlert #beginersguide #SecurityAlert #AcademyCourse

🎉 Alterya has just secured $150.00M in its latest funding round! 🎉
🔹About: Alterya is an innovative AI-powered fraud detection platform designed to identify and prevent scams in the cryptocurrency sector. Launched in stealth mode, Alterya collaborates with top crypto exchanges like Binance, Coinbase, and Block, as well as financial institutions, to monitor over $8 billion in transactions monthly. By leveraging advanced AI technology, Alterya detects fraudulent activities before they impact victims, reducing fraud by 60% for some exchanges. The project aims to protect users from scams, which often involve verified accounts and sophisticated social engineering tactics. Recently acquired by Chainalysis for $150 million, Alterya's integration with blockchain data platforms enhances fraud detection across digital payment systems. This acquisition underscores the growing importance of proactive fraud prevention in both crypto and traditional financial sectors. Alterya's success in identifying $10 billion in scam-related transactions in 2024 highlights its effectiveness in combating financial fraud. The project continues to evolve, aiming to build customer trust and minimize losses from fraudulent activities.🚀🌐
🔹 Lead Investors: Chainalysis, Y Combinator, Battery Ventures, NFX, Nyca Partners.
🔹 Total Raised: $160.30M.
🔹 Project Category: Blockchain Service, AI, Security.
🌟If You find this useful Repost, Save, Share it with friends & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights @Crypto Simbha 🦁🙏🏻

#SOLVLaunchOnBinance #ArtificialInteligence #SecurityAlert #Web3 #Fraud_alert $BTC
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As the world’s largest cryptocurrency exchange, Binance is a popular target for hackers looking to steal users' funds. While Binance implements advanced security measures to protect your account, it's equally important for users to take personal responsibility for securing their accounts. This guide will help you understand the best practices to protect your Binance account from potential cyber threats.

1. Enable Two-Factor Authentication (2FA)
Two-Factor Authentication (2FA) adds an extra layer of security to your Binance account. Even if a hacker manages to get hold of your login details, they will still need access to your 2FA method (usually a smartphone app like Google Authenticator or SMS-based authentication) to log in.

How to Enable 2FA on Binance:
Go to your Binance account settings.
Select the "Security" tab.
Choose either Google Authenticator or SMS Authentication.
Follow the instructions to set it up.
Tip:
Always use Google Authenticator over SMS as it is more secure. SMS can be intercepted through SIM swapping attacks.

2. Use a Strong, Unique Password
Your Binance account password is the first line of defense against unauthorized access. Make sure your password is long, complex, and unique. Avoid using simple passwords or reusing passwords from other accounts.

Tips for a Strong Password:
Use at least 12 characters.
Include a mix of uppercase and lowercase letters, numbers, and special characters.
Avoid using obvious passwords such as your name, birthdate, or the word “password.”
Consider using a password manager to generate and store complex passwords securely.
3. Set Up Anti-Phishing Code
Phishing attacks are one of the most common ways hackers gain access to user accounts. By setting up an anti-phishing code on Binance, you can ensure that any communication from Binance is legitimate.

How to Set Up Anti-Phishing Code:
Go to the "Security" section in your Binance account settings.
Set up a unique code that will appear in every official email from Binance.
Tip:
Be cautious of emails that ask for personal information, especially if they don’t contain your anti-phishing code.

4. Activate Withdrawal Whitelist
A withdrawal whitelist adds a layer of security by restricting withdrawals to a list of trusted cryptocurrency addresses. Once enabled, only addresses added to your whitelist can be used for withdrawals.

How to Set Up Withdrawal Whitelist:
In the "Security" section, choose "Withdrawal Whitelist."
Add trusted addresses (e.g., your personal wallet addresses).
You will receive a confirmation email every time an address is added or removed from the whitelist.
Tip:
Use hardware wallets for storing long-term holdings and whitelist their addresses for added protection.

5. Regularly Monitor Your Account Activity
Regularly review your Binance account activity to check for any unauthorized transactions. Binance allows users to view all login and withdrawal history, which can help you spot suspicious activity.

How to Monitor Your Account:
Go to the "Security" tab on Binance.
Review your recent login history and withdrawal requests.
Check for any logins from unusual IP addresses or devices.
Tip:
If you notice anything suspicious, immediately disable withdrawals and change your password.

6. Beware of Phishing Links and Fake Websites
Hackers often create fake websites and phishing links that look like Binance’s official site. Always ensure that you're visiting the legitimate Binance website

How to Avoid Phishing:
Always type the URL directly into the browser; don’t click on links from emails or messages.
Use the official Binance mobile app or bookmark the Binance website.
Tip:
Binance also provides a security feature called Google Safe Browsing that can alert you to phishing websites.

7. Use a Hardware Wallet for Long-Term Storage
For large holdings or long-term investments, using a hardware wallet (like Ledger or Trezor) is the most secure method. Hardware wallets store your private keys offline, making them immune to online hacking attempts.

Tip:
Use hardware wallets to store the bulk of your assets, and only keep small amounts on Binance for active trading.

8. Avoid Public Wi-Fi Networks
When accessing your Binance account, avoid using public Wi-Fi networks, as they can be insecure and easy targets for hackers trying to intercept your data. Always use a VPN (Virtual Private Network) when accessing your account over public networks.

Tip:
Use private internet connections or a mobile hotspot to access sensitive information like your Binance account.

9. Review and Revoke Unauthorized API Keys
Binance allows users to create API keys for programmatic access to their accounts. However, if these keys are compromised, they can be used to withdraw funds. Always review your API keys and revoke any that are not in use or are unfamiliar to you.

How to Revoke API Keys:
Go to your Binance account settings and select "API Management."
Review active API keys and revoke any suspicious or unused ones.
10. Keep Your Software Up to Date
Always ensure that the software you're using (especially your device’s operating system, browser, and any apps related to Binance) is up-to-date with the latest security patches.

Tip:
Enable automatic software updates on your devices to minimize security vulnerabilities.

Conclusion
Securing your Binance account is essential for protecting your funds and personal information. By following these best practices—enabling 2FA, using strong passwords, setting up withdrawal whitelists, and staying vigilant for phishing attacks—you can significantly reduce the risk of hacking and ensure your account remains secure. Always stay informed about the latest security features and be proactive in managing your account’s security. #HackerAlert #SecurityAlert

In the world of cryptocurrencies, scams are a real risk. If you are new to Binance or any cryptocurrency platform, it’s crucial to understand how to protect yourself from these frauds. Here’s how to spot a scam, what to do if you fall for one, and how to prevent it from happening again.

What is a scam on Binance?
A scam on Binance occurs when someone tries to trick you into sending money or cryptocurrencies to a third party, under false promises of profits or investments. This can happen through direct messages, emails, or even in social media groups.

Cryptocurrencies use advanced cryptographic techniques to secure transactions, control the creation of new units, and verify the transfer of assets.

#SecurityAlert #cryptographic

1. Enable Two-Factor Authentication (2FA)
Two-factor authentication (2FA) adds an extra layer of security by requiring you to provide a second form of verification in addition to your password.

:Google Authenticator or SMS Authentication:
- Go to your Binance account settings.
- Under the Security section, select Two-Factor Authentication.
- Choose either Google Authenticator or SMS Authentication.
- Follow the prompts to set up 2FA.
Note: Google Authenticator is recommended over SMS for better security.

2. Use a Strong, Unique Password.
Your password should be complex and unique.
Avoid using easily guessable information like your name or common words.

Use a mix of upper/lowercase letters, numbers, and special characters.
Consider using a password manager to generate and store complex passwords securely.

3. Set Anti-Phishing Code :
The anti-phishing code adds an extra layer of protection against phishing attacks.

- In your Account Settings on Binance, find the Anti-Phishing Code section.
- Set a unique code this can be any word or combination of characters) that will appear in all emails from Binance to confirm the authenticity of messages.

4. Enable Withdrawal Whitelist :
Withdrawal whitelisting prevents unauthorized withdrawals to unknown addresses. Only whitelisted addresses will be able to withdraw funds from your account.

Go to API Management or Security Settings on Binance.
Enable Withdrawal Whitelist and add the addresses you trust for withdrawals.
Make sure to use two-factor authentication for any changes to this list.

5. Regularly Check for Unusual Activity :
Be proactive in monitoring your account for any suspicious activity.
Go to your Account Security tab and review the Login History for any unauthorized access.
- If you see any unfamiliar devices or IP addresses, immediately change your password and disable 2FA.

6. Use Device Management :
Binance allows you to view and manage the devices that have access to your account.
In your Security Settings, review the list of active devices.
- If you notice any unfamiliar devices, remove them immediately.

7. Avoid Public Wi-Fi :
Never access your Binance account over public Wi-Fi networks, as they are often not secure. If necessary, use a (VPN) Virtual Private Network when accessing your account from a shared or unsecured network.

8. Verify Email Address and Recovery Information:
Make sure your email address is secure and associated with a strong password.
- Securing your Binance account is crucial to protect your funds and personal information. Here are several steps you can take to ensure your Binance account is as secure as possible:
Use 2FA on your email account as well.
- Add a recovery email or phone number to make it easier to recover your account if needed.

9. Beware of Phishing Scams :
Always be cautious about unsolicited emails or messages. Binance will never ask for your login credentials or 2FA codes.

- Always check the email address and make sure it’s from a legitimate Binance domain.
- Never click on suspicious links or attachments in emails or messages.

10. Use Hardware Wallets for Long-Term Storage :
For added security, consider using a hardware wallet (like a Ledger or Trezor) to store your cryptocurrency for the long term, especially if you have a significant amount of crypto.

- Transfer large amounts of cryptocurrency off the exchange and into your hardware wallet to avoid exposure to online threats.

11. Enable Anti-Phishing Feature on Withdrawals :
Whenever you withdraw funds, Binance will send you an email confirmation. Always verify these emails to make sure no one else is trying to withdraw from your account.

By following these steps, you'll significantly enhance the security of your Binance account and reduce the likelihood of unauthorized access.
Keep your security settings up to date and regularly monitor your account for any unusual activity.
#Binance #SecurityAlert #BTC100KTrumpEffect #BinanceAlphaAlert